Ukraine Financial News

textile industry is concerned that Chinese exporters are dumping cheap fibre and polyester in India ahead of the implementation of a quality control order (QCO) on a range of textile input materials, Brij Mohan Sharma, joint managing director, Rajasthan Spinning & Weaving Mills said. While bigger players have welcomed the QCO, micro, small and medium enterprises that lack a resilient supply chain are heavily dependent on imported raw material and are facing the double whammy of slowing exports and a raft of standards imposed on the industry. “Cheap quality imports from China are being dumped into India.

maritime drones on a Russian warship and a bridge linking Russia to the occupied Crimean Peninsula. “The Ukrainian Navy’s decision to protect vessels closer to the Ukrainian coastline comes after Ukraine’s recent demonstrations of longer-range capabilities, including drones, demonstrating both defense and offensive capabilities in the maritime domain. Ukraine has vowed to fight back against Russia, and Ukraine is good for its word," said Thea Dunlevie, a senior analyst at the Center for Maritime Strategy, a think tank in the Washington area.

CAIRO (Reuters) -Egypt's annual headline inflation rose to a new all-time high of 36.5% in July, in line with analysts' expectations, as food prices soared, data from the country's statistics agency CAPMAS showed on Thursday.

Covid-19 pandemic and Russia’s invasion of Ukraine. “There’s so much that’s changed in the threat landscape, and in the world that we’re operating in today," Director of National Intelligence Avril Haines said in an interview. She sketched out a broader, more institutionalized information exchange on a wider array of topics with the private sector, ranging from academia to local governments.

NASA, the National Aeronautics and Space Administration, plans a human spaceflight around the moon in late 2024 on a mission that would take people deep into space for the first time in decades and set the stage for a landing the agency would like to conduct with the American spacecraft manufacturer SpaceX in 2025. The stakes of the Luna-25 mission are especially high for Russia and President Vladimir Putin. The sanctions imposed since the war in Ukraine halted much of its collaboration with the U.S.

HONG KONG—China lifted restrictions on group tours to the U.S., Australia, South Korea and Japan on Thursday, a move that is set to boost global tourism after three years of pandemic restrictions. China’s Ministry of Culture and Tourism added almost 80 new destinations to a list of countries approved for group travel on Thursday, with immediate effect. The countries were the third batch of places that group tours led by travel operators can now visit, including some in East Asia that are among the most popular destinations for Chinese holiday makers.

By Natalie Grover

By Alexander Marrow and Polina Devitt

By Valentina Za and Alexandra Schwarz-Goerlich

Yandex, Arkady Volozh, on Thursday condemned what he described as Russia's «barbaric» invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. Volozh described himself as a «Kazakhstan-born, Israeli tech entrepreneur» on a personal website, drawing some criticism in Russian media and on the Telegram messaging platform for apparently playing down his links to Russia. He has also been criticised by those opposed to Russia's actions for not speaking out more forcefully against the war.

rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people. The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60% of total calorie intake for people in parts of Southeast Asia and Africa, and that rises to 70% in countries like Bangladesh.

agricultural practices, the reduction of reliance on imported food, and the reinforcement of resilience against the impacts of climate change. In a conversation with LiveMint, Lisa Moon, who holds the position of President and CEO at the Global FoodBanking Network (GFN) and is also the organizer of the G20 Global Food Security Summit 2023, emphasized the critical objectives and pressing nature of ensuring food security. (Edited excerpts.) The Global Food Security Summit 2023 is comprised of officials, businesses and civil society members from across India.

The Intercept. During the meeting, the Pakistani ambassador to the United States and two State Department officials have drawn tremendous attention, debate, and rumors in Pakistan over the past year and a half. One month after the meeting, a no-confidence motion against Imran Khan's leadership was held in Parliament.

RBI) norms, excess balances can be invested in payments for projects and investments, government treasury bills and government securities. While the quantum of investment is not available publicly, the $10-12 billion figure is an estimate provided by industry executives dealing in trade and settlements. Treasury bills (T-bills) are short-term debt instruments issued by the government.

The downturn in world trade, exemplified by slumping Chinese exports and a decline in U.S. imports, mainly reflects a phase of weak global economic growth. It also raises questions about whether deeper changes are under way, with decades of deepening global economic integration giving way to a new era in which the West and China do more business with their political friends and less with each other.

Rice prices soared to the highest levels in almost 15 years in Asia on mounting concerns over global supplies as dry weather threatens production in Thailand and after top shipper India banned some exports, media reports said. Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008, according to data from the Thai Rice Exporters Association, Bloomberg reported.

Russia will build up forces at its western borders following Finland's accession to the U.S.-led NATO alliance, Russian Defence Minister Sergei Shoigu told the governing board of the ministry on Wednesday. In opening remarks to the Collegium of the Defence Ministry, Shoigu said NATO-member Poland had already announced plans to strengthen its military, and that he expected significant NATO forces and weaponry to be deployed in Finland, whose inclusion has almost doubled the length of Russia's land border with NATO.

The Bank of England

Ukraine would be one of the top topics of discussion during the G-20 Summit in New Delhi next month, a senior official of the US has said. Leaders of G-20 nations, including US President Joe Biden, are scheduled to attend the G-20 summit hosted by India in New Delhi from September 9 to 10. «In all of our conversations with allies and partners around the world, we continue to discuss the war in Ukraine.

«Does the US have the ability to actually service all of this debt and will that additional 25 or 50 bps rate hike by the Fed tip the scale towards a full-blown recession? I do not think so as yet,» says Gautam Trivedi, Nepean Capital.It has been a good year if you bought stocks in April, May, June or even July so the summer rally of 2023 do you think it will extend in itself for the remaining part of the year? I think it will. And let us understand one very basic thing, which I think sometimes people, when I meet them socially, they think India is the only country in the world that seems to be having a stock market rally. And all the money in the world seems to be only coming here because if you read the financial newspapers or media channels, you almost get the feeling that we are alone in the world.

Moscow, the city's mayor said on Wednesday, the latest in a surge of drone attacks targeting the capital. «Two combat drones' attempt to fly into the city was recorded.